First home owner grants and stamp duty savings.

First home owner grants and stamp duty savings.

Learn about the government incentives that could be available to you for when purchasing in Wallara Waters.

There are a range of state government benefits on offer to assist eligible first home buyers to enter the property market. Here is a basic outline.

$20,000 First Home Owner Grant
If you are buying or building a new home valued up to $750,000, you may be eligible for the First Home Owner Grant (FHOG) of $10,000.

Plus, Wallan is within Mitchell Shire which enjoys the benefit of the extra regional grant, providing a total FHOG of $20,000 to eligible buyers in Wallara Waters.

Stamp duty exemption
Eligible first-home buyers are also exempt from paying stamp duty if the dutiable value is $600,000 or less and at least one of the purchasers uses the property as their home.

That's a lot of potential savings! To take advantage of these generous benefits, check the eligibility criteria at the SRO website.

 

Whilst reasonable care is taken to ensure the accuracy of this information, this information is to be used as a guide only. The information provided does not take into account individual purchaser’s circumstances and purchasers should rely on their own enquiries and seek advice from their own professional advisors. Published February 2018.